While the impact of the pandemic ranged far and wide and involved a lot of different problems including loss of life, another problem that often fell under the radar was the fact that a number of businesses needed to close. The lockdown was important because of the fact that this is the sort of thing that could potentially end up preventing the spread of Covid, but it also meant that a lot of shops did not have any consumers which consequently meant that they had no sources of revenue that they could end up taking advantage of.
With all of that having been said and now out of the way, it is important to note that Yelp has released some data that shows that fears that these businesses would be shuttered for good were unfounded due to the reason that 85% of them have reopened this year. This seems to indicate that the lockdowns did not cripple the economy in the way that many critics expected it to, something that will definitely play a huge role in helping people understand why it was important at the time.
What’s more is that this bounce back has been seen across the board with all things having been considered and taken into account. Businesses of all shapes and sizes have returned, including beauty services, hotels and nightlife entertainment providers.
Small businesses are the backbone of the economy, and while the fact that 15% had to shutdown is quite sad since those businesses are never going to be able to return again, it should be noted that the vast majority have weathered the storm and will now be returning. This is a sign that things might just start to go back to normal sooner rather than later, especially with vaccination rates increasing.
Read next: Tech companies are presenting inaccurate reports of their carbon footprint and greenhouse emission to remain good with the investors as reported by Tech University Munich
With all of that having been said and now out of the way, it is important to note that Yelp has released some data that shows that fears that these businesses would be shuttered for good were unfounded due to the reason that 85% of them have reopened this year. This seems to indicate that the lockdowns did not cripple the economy in the way that many critics expected it to, something that will definitely play a huge role in helping people understand why it was important at the time.
What’s more is that this bounce back has been seen across the board with all things having been considered and taken into account. Businesses of all shapes and sizes have returned, including beauty services, hotels and nightlife entertainment providers.
Small businesses are the backbone of the economy, and while the fact that 15% had to shutdown is quite sad since those businesses are never going to be able to return again, it should be noted that the vast majority have weathered the storm and will now be returning. This is a sign that things might just start to go back to normal sooner rather than later, especially with vaccination rates increasing.
Read next: Tech companies are presenting inaccurate reports of their carbon footprint and greenhouse emission to remain good with the investors as reported by Tech University Munich